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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not , }( X" D4 P% [
expect much from Crude Oil producers and future is not with the
, Y) T. f% ^4 H; Ecompanies producing Jet fuels but Biofuels. Also no wonder if some of
% _/ I5 P/ y& y" p3 {these oil producer will go bankrupt or out of the business even if ) D, v, @7 v9 |. R: G+ |- x; O
crude prices improves. This implies also to good names such as Shell, 8 j7 h9 n% a4 C5 e3 b5 ?7 A
EXXON, BG, BP, Cheveron ....xyz.. oils 1 x( c/ ]; ?- w: i. o& ~8 ]

& q8 s( t# M+ P0 r1 Z/ iRecently OPEC reduced crude oil production twice over just a few 0 t4 n8 Z, J8 a' G; M  ]3 _' s
months. There are three wars going on in Gaza, Iraq and Afghandistan. ( O+ ], y# q* n% J3 r
A year ago these things would have spiked the price of crude oil by at 7 J6 O! q7 A, T+ E
least $50.00 per barrel. Today, oil price declined by a record amount. ; l0 @* h, @; k6 r1 t$ Z

% L! r  ^% U  }2 z  S9 x' Q% \
, g6 r1 D; g6 {0 y* P6 `There are several reasons the price of oil is decreasing in the face
) d# U4 l' f6 K5 I1 S. Aof so much news. These reasons are: $ D5 ^7 n: Q  \7 B

, @5 n/ j' g; \4 l  G
0 z; i" K9 c! h# M1. New oil has been found in Canada, Montana, North & South Dakota and   f* L8 `0 U; h& v! [1 v  h
in the ocean near Brazil. Each of these oil fields has more oil than
  `/ Q, X6 r8 P* z! dArabia. , C/ d6 d! Q- h7 x! |4 n+ r$ X  g

4 @* ?. i  h7 p6 i3 ^$ Z" ~, w7 o
* Y7 M5 @& A* b- K- y% i2. New natural gas has been found in Pennsylvania and West Virginia. 5 L& [+ W1 X( b/ a
This is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
/ w% i% \' R: I0 n2 fbeing used to double their output. , t% o% o% X( c% c4 W) A' L
* `! h% a9 S5 A7 q; K

" L/ Q5 u3 W. m8 H( D4. Production of bio-fuels is beginning to reach critical mass. Bio ) `: m5 V) ]% p5 T' @: @
fuel is being produced from many plants and algae. The production : T4 I/ @; V, T
potential per acre in some cases is astounding. Many countries are 0 O, N7 J- |( {4 e  [
racing to produce bio fuels. ' o% T% e; Y, E6 u  i( u& \8 R$ o3 }

- F: v0 Q6 i% {. ~2 x5 A0 t; h' v% V- K9 F1 D8 a6 V% u
5. Virtually every restaurant in the US and all food processing plants & s1 N$ L$ K6 a$ t* \5 M- N2 Q. E
are now selling their used oil to bio-diesel producers. Every pork,
, q& t3 F  B, Xcattle, turkey and chicken processing plant will soon sell their fat ) N5 x  p. l) E( a
to bio-diesel producers. One pork processing plant in Oklahoma is : a  U, R% q6 ~7 C. O( O2 g: K
producing 30,000 gallons of bio-diesel per day from pork fat.
& A; q8 ]. Q- T. @0 e" I+ Q/ {) c- S+ \0 J

5 I2 n$ L& U$ i0 L& m6. There are 99 nuclear reactors in various stages of planning and : S' D: }/ r7 r$ l
construction around the world at this time. Several hundred more are ' J3 g: _# ?3 I! W  `- _8 W- g
expected to be built in the future. Much of the energy they produce
9 @3 s8 j; s, u2 F4 {6 R( D# ?will replace oil.
8 c* o8 j) E( `, E: ?, r$ Y2 k! U- i

) q1 |% W% w- P7. Every company in any form of transportaion business is replacing
7 Z3 `* ~) q! j7 k7 Zolder equipment such as trucks, airplanes, train engines, ships, etc. ; W- N% g/ k) k! p
with new more fuel efficient equipment. Airlines and railway companies 2 A# e+ s8 W- ]
are experiencing 20% to 25% better fuel econony with the new
$ ?2 @% z" f& b! G+ I) aequipment.
% N2 Z2 B; ^* r/ ^3 u5 I8 s6 o6 g! G

3 X7 [" K: W' ~3 u. ~2 n9 @Airlines are flying airplanes with bio-fuel. They are finding the bio- 8 L  y, `: Y  R  H( D2 J. |& w
fuel is cleaner and performs better than jet fuel.
" O' x) m- a- C  Y- s, e
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8. Cities and counties throughout the US are selling the rights to
% U: |2 d8 O3 ^) O8 ]2 Tcapture methane gas from landfills. This is a huge source of gas 2 X# ]4 a) u, e3 x0 W- ~
available at very little cost or risk. The gas is displacing crude 2 `! [  Z7 Y$ ~% D
oil. # Q+ x- V3 X" y& C3 t+ K
- `, {3 y. A# w) l. f+ @

* k4 f" L' |. T+ P% x9. Coal is being transformed into a clean burning liquid fuel. The CO2 " t( c* o3 J1 Q% d- c9 f" t" S
produced as a byproduct is sold to oil companies for injection into
# p; t9 y8 L& U. n- C8 ^0 {oil wells. - J: W/ [; D9 z( M6 j$ N& C

, y: y1 n, u' E. ^  U, C6 c8 G. |: c$ \9 `4 f
10. Solar, wind and ocean energy is displacing oil as an energy + B0 F! o: G7 H6 ?# }! o% {* {+ K
source. Three new wind turbines are being erected every day in the US.
8 n9 ?; d  x% E, }8 J$ Y
" \5 N/ O7 C4 W1 v; ]- |% R- E5 [% ^, x* t' {% T/ m: \
Each of the above by itself will not make a large difference in the ; Q( u% W; h# P1 ~' ]7 X
price of crude oil but the sum of all of them together is world
8 b4 X0 F: e; N% ]$ t$ z% e/ bchanging. The important thing is that OPEC no longer has the ability ( Y9 l; @4 l0 \# Q3 {8 P$ T
to control oil prices.
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" L* n5 Z7 C2 J6 {* S3 d; j  O6 q; R( B8 s
With the above scenario, I still believe that there are under
7 I+ @% n$ C; x6 n  ]performed OIL companies and probably they are yet to get the justified 8 u, ]8 I* S$ @+ E# d
value .....
6 w' l$ o& h4 p& _+ B5 ?) o; ZIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
' c9 T$ t) H! W# d0 u# r) \0 E; E" i
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN 4 c0 s4 o( h9 z
2009 ... FYI-Only
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